Welcome to Schroders Investor Day 2019

[Pages:84]Welcome to Schroders Investor Day 2019

Peter Harrison, Group Chief Executive 15 May 2019

Investing for growth

Closer proximity to consumer

Grow Wealth offering

Expand core business

Target client longevity Technology

Grow Private Assets and Alternatives

Rebalance business towards private markets

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Moving closer to our end customer

Start 09:00 09:10 09:40 10:10 10:40 10:55 11:25 11:55

End 09:10 09:40 10:10 10:40 10:55 11:25 11:55 12:15

Speaker Peter Harrison Peter Hall James Rainbow Susan Soh Break Graham Kellen Jessica Ground Peter Harrison and Richard Keers

Presentation Introduction Wealth Management at Schroders An introduction to Schroders Personal Wealth Schroders in Asia: a business strategy for a digital age

The digital asset manager Sustainability at Schroders Summary and Q&A

2

Wealth Management at Schroders

Investor Day

Peter Hall, Global Head of Wealth Management 15 May 2019

The Wealth Management sector has attractive features

Growth

7% 6% 5% 4% 3% 2% 1% 0%

Longevity (yrs)

Revenue margin (bps)

14

80

12

70

60 10

50 8

40 6

30

4 20

2

10

0

0

Wealth Management Asset Management

Source: Schroders and Oliver Wyman "Trends and Opportunities in UK Financial Advice" March 2019. Growth rates are CAGR projections to 2023 and exclude passive and alternatives.

4

A strong franchise across the UK wealth management spectrum...

Charities

HNW

Affluent

?65bn client assets with 705 advisers

?32bn client assets 135 advisers

?13bn client assets 320 advisers

?20bn client assets 250 advisers

Source: Schroders. Press release announcing joint venture of 22 October 2018.

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...generating significant profits...

?m Net income Costs Profit before tax1

Schroder Wealth

268.9

(182.4)

86.5

Full year 2018

Benchmark Capital Wealth Management

20.9 (14.0)

6.9

289.8 (196.4)

93.4

Annualised proforma 2019

Schroders Personal Wealth2

68 (51) 17

Source: Schroders, correct to 31 December 2018. 1Before exceptional items. 249.9% of 2019 proforma figures.

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...and achieving a turnaround in growth

Net new business and annualised net new revenue

NNB ?bn 1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

(0.2) Q1 Q2 Q3 Q4 Q1 Q2 Q3

ANNR ?m 16 14 12 10 8 6 4 2 0 (2)

Q4

2017

2018

Net new business Annualised net new revenue 2017 ? 2018

Net new business as percentage of average AUM

6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0%

2015

2016

2017

2018

Source: Schroders.

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